Description
American Freedom Insurance Company (AFIC) is a midsized, profitable, and expanding nonstandard automobile insurance company doing business in Illinois, Indiana, Pennsylvania, Tennessee, Texas and licensed in Ohio. We are looking for someone that can contribute in a fast paced, growing organization. AFIC is financially strong and has earned an “A+” Superior rating from A.M. Best.
The position is hybrid (or full-time in office if preferred) and the office is located in Mount Prospect, Illinois, a suburb of Chicago
.
Responsibilities:
- Responsible for Accounts Receivable and Accounts Payable
- Review bank payments for accuracy, including Positive Pay
- Lead collection of overdue balances including emailing/calling insurance agents when necessary
- Update collections spreadsheet 2x/month
- Account for bad debt write-offs
- Enter payments into accounting software
- Run month-end reports
- Reconcile workpapers
- Initiate Electronic Funds Transfer of commission payments
- Make journal entries for commissions, refunds, fees, chargebacks, etc.
- Print and email agency statements and summaries
- Reconcile producer payments, bank deposits, refunds and workpapers, including collections
- Review invoices to confirm amounts are approved/accurate and prepare and issue weekly expense checks
- Ensure financial data complies with professional and regulatory standards
- Identify and implement process improvements
- Collaborate with other units to gather, analyze, and interpret relevant information
- Additional responsibilities as assigned
Requirements
- Insurance company accounting experience including statutory accounting principles is a plus
- BA/BS degree in Accounting preferred
- 3+ years experience in accounts payable and/or receivable
- Experience with QuickBooks a plus
- Proficiency in MS Office, especially advanced Excel skills with V-Look Ups and Pivot Tables experience
- Strong work ethic and ability to innovate
- Responsible and conscientious nature
- Exceptional attention to detail
- Analytical aptitude
- Strong organizational skills
- Excellent communication skills to interact with agents and varying levels of management and staff
- Team player with ability to work independently after training with little to no supervision
Benefits: AFIC offers a competitive salary and a comprehensive benefits package to support you
- Competitive Salary: Rewarding your expertise and experience
- Financial Security: 401K with up to a 6% company match
- Health & Wellness: Choice of Blue Cross Blue Shield PPO, HMO, or HSA plans, Dental and vision insurance, Access to telemedicine services
- Growth/Stability: Over 12 consecutive years of profitable growth, confirmed by A+ Superior rating by A.M. Best
- Work-Life Balance: Monday-Friday, 8 am-5 pm CST
- Holidays: At Least 6 Paid Holidays
- Paid Time Off (PTO): PTO that can be used for vacation, personal, or sick time
- Personal Days: Separate personal days for sickness, family needs, appointments or personal matters
- Employee Recognition: We celebrate work milestones to show appreciation for your contributions
- Professional Growth: Paid training, state licensing reimbursement, and opportunities for advancement
- Positive Culture: Enjoy our inclusive holiday events, employee referral bonuses, and more
Salary Description
$75,000.00 - $90,000.00 per year